https://www.profitconfidential.com/cryptocurrency/ripple/daily-ripple-price-prediction-1-nov/
Daily Ripple Price Prediction: Is XRP Still Headed to $2.00 in 2018?
Gaurav S. Iyer, IFC
Profit Confidential
2017-11-01T12:34:20Z
2017-11-02 09:44:34 ripple price predictionripple newsripple to usdripple pricesxrp pricesDespite the current slump in altcoins, we will not amend our Ripple price prediction for 2018. Why? Simply put, because nothing has changed.
Ripple
https://www.profitconfidential.com/wp-content/uploads/2017/09/ripple--300x164.jpg
[caption id="attachment_108241" align="alignleft" width="300"] pixabay.com/Pixaline[/caption]
Long-time readers of this publication might be familiar with our $2.00 Ripple price prediction. We believe that’s where XRP is headed in 2018. However, the price appears to be stuck around $0.20…
The Ripple to USD exchange rate is currently around $0.198886. It dropped 1.71% over the last 24 hours, but that’s hardly a break from tradition. It bounces up or down each day, never landing too far away from $0.20.
Does that mean we should change our forecast?
Probably not. There’s been no devastating Ripple news in the last month, nor in the month before that. In fact, Ripple’s underlying business is incredibly strong.
It formed its 100th partnership recently, opened an office in Singapore, and hosted a conference featuring Ben Bernanke and Tim Berners-Lee. That’s not a bad month, by any standard.
(Bernanke is a former Chairman of the Federal Reserve, and Berners-Lee is the founder of the World Wide Web. Yes, that World Wide Web.)

Daily Ripple Chart

Plus, there was $56.2 million's worth of payments sent on Ripple yesterday. These payments aren’t to be confused with trading volumes, which are what investors add to every time they trade XRP. These are actual transactions going across Ripple’s ledger.
By contrast, trading volumes registered at $43.9 million. It’s not a phenomenal amount of money, but the opening of a new South Korean exchange could help lift those numbers later in the month.
All in all, Ripple is still making inroads with banks and other financial institutions.
Considering that we based our Ripple price prediction on this underlying strength, it seems foolish to abandon hope now. The altcoin market is simply going through a rough patch.

Analyst Take:

Do not panic yet. Bitcoin’s market share of cryptocurrencies reached a six-month high this week, meaning that investors are cycling money away from altcoins. Wait for the pendulum to swing the other way, because that means Ripple will finally gather a strong tailwind.

Daily Ripple Price Prediction: Is XRP Still Headed to $2.00 in 2018?

Long-time readers of this publication might be familiar with our $2.00 Ripple price prediction. We believe that’s where XRP is headed in 2018. However, the price appears to be stuck around $0.20…

The Ripple to USD exchange rate is currently around $0.198886. It dropped 1.71% over the last 24 hours, but that’s hardly a break from tradition. It bounces up or down each day, never landing too far away from $0.20.

Does that mean we should change our forecast?

Probably not. There’s been no devastating Ripple news in the last month, nor in the month before that. In fact, Ripple’s underlying business is incredibly strong.

It formed its 100th partnership recently, opened an office in Singapore, and hosted a conference featuring Ben Bernanke and Tim Berners-Lee. That’s not a bad month, by any standard.

(Bernanke is a former Chairman of the Federal Reserve, and Berners-Lee is the founder of the World Wide Web. Yes, that World Wide Web.)

Daily Ripple Chart

Plus, there was $56.2 million’s worth of payments sent on Ripple yesterday. These payments aren’t to be confused with trading volumes, which are what investors add to every time they trade XRP. These are actual transactions going across Ripple’s ledger.

By contrast, trading volumes registered at $43.9 million. It’s not a phenomenal amount of money, but the opening of a new South Korean exchange could help lift those numbers later in the month.

All in all, Ripple is still making inroads with banks and other financial institutions.

Considering that we based our Ripple price prediction on this underlying strength, it seems foolish to abandon hope now. The altcoin market is simply going through a rough patch.

Analyst Take:

Do not panic yet. Bitcoin’s market share of cryptocurrencies reached a six-month high this week, meaning that investors are cycling money away from altcoins. Wait for the pendulum to swing the other way, because that means Ripple will finally gather a strong tailwind.

Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners.

From: Michael Lombardi, MBASubject: Gold: The Stock Contrarian Investors’ Best Play of the Decade